Economy
July 17, 2015
Chinese Steel Consumption Down While Steel Exports Rise
Written by Brett Linton
Steel Market Update recently received data from Bradford Research covering Chinese production, trade, and consumption of steel and steel related products for the first six months 2015. It probably won’t come as any surprise that steel consumption is falling in China while exports, especially for finished steel products, are up by over 30 percent compared to the same period last year.
Production figures in June 2015 are within 2 percent of that month in 2014, with crude steel and pig iron production declining and steel production increasing. Year to date figures show that crude steel and pig iron production are also down over January-June 2014, while steel production is up 2.0 percent.
